Tips to Survive The Mortgage Crisis

CNN’s Gerri Willis recently did a great piece on what to do during this mortgage crisis and she has four tips:

1. Know Your Lender-make sure the lender you are dealing with can provide the loan they promise and get a signed commitment letter
2. Minimize Risk-try not to wait more than the typical time of 30 days to close your home because your loan program may not be available anymore if you wait too long and find out if your loan is backed by Fannie Mae or Freddie Mac
3. Keep Making Payments on Time
4. Don’t Give Up-Mortgages such as Jumbo loans are hard to come by and can not be backed for Fannie Mae or Freddie Mac but they are out there

Here is the link to see the VIDEO on “Surviving the Mortgage Meltdown”

Arlington Homes Model Opens in Braemar in Gotha

Arlington Homes has opened their model home in Gotha’s newest community called Braemar. This 50 acre development off Hempel Ave. next to Camp Ithiel is being developed by Arlington Homes and Osprey Homes. A unique feature of this community is that each homesite will have its own gate and the builders here are both the developers and the builders. I will obtain pricing as soon as I can but I believe pricing should start at a mere million dollars.